junio 22, 2024

Global Drug Discovery Services Market Overview, Competitive Analysis and Forecast 2031

Global Drug Discovery Services Market in 2023 is US$ 19.7 billion, and is expected to reach US$ 59.02 billion by 2031 at a CAGR of 14.7%.

Drug Discovery Services Market Introduction

The drug discovery services market is a dynamic and ever-expanding sector that encompasses a wide range of services aimed at identifying and developing new drugs. These services include target identification, lead optimization, preclinical development, and clinical trial support. With the rising prevalence of chronic diseases and the need for effective treatments, the demand for drug discovery services is on the rise.

Drug Discovery Services Market Key Trends

In recent years, the drug discovery services market has witnessed several key trends that are shaping the industry. One such trend is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies in drug discovery. These advanced technologies enable researchers to analyze vast amounts of data and identify potential drug candidates more efficiently.

Another significant trend is the growing focus on precision medicine. With advancements in genomics and molecular biology, drug discovery services are now tailored to individual patients, allowing for personalized treatment options. This approach not only improves patient outcomes but also reduces the risk of adverse reactions.

Growth Opportunities of the Drug Discovery Services Market

In today’s rapidly evolving pharmaceutical industry, the drug discovery services market plays a crucial role in the development of new and innovative drugs. With the increasing demand for personalized medicine and the constant need for novel therapeutic solutions, the market size of drug discovery services is expected to witness significant growth in the coming years.

FutureWise Research has released a research report that analyses Drug Discovery Services Market trends in order to forecast market growth. Before delivering the commercial description of the chain structure, the report proceeds forward with an assessment of the business environment. Based on the market trends and driving forces revealed in the study, businesses will be able to design the roadmap for their products and services while taking into consideration numerous socioeconomic factors.

Additionally, it depicts the corporate profiles and competitive environments of several connected firms, as well as a study of market analysis and alternative options connected to the value chain. This Drug Discovery Services research report includes in-depth information on the market’s general overview, market segmentation, present and projected prices, growth analysis, competitive environment, and other vital insights throughout the course of the forecast year.

The Drug Discovery Services report examines market segmentation forecasts by process, by type, by drug type, by therapeutic area, by company type and by region. This report offers thorough information on the industry’s profit, a SWOT analysis of market trends, significant rivals, and a market geographical study.

 Drug Discovery Services Market Segmentation:

By Process

  • Target Selection
  • Target Validation
  • Hit-to-Lead Identification
  • Lead Optimization
  • Candidate Validation

By Type

  • Medicinal Chemistry
  • Biology Services
  • Drug Metabolism and Pharmacokinetics

By Drug Type

  • Small Molecules
  • Biologics

By Therapeutic Area

  • Oncology
  • Neurology
  • Cardiovascular Diseases
  • Respiratory Diseases
  • Diabetes
  • Other Therapeutics Areas

By Company Type

  • Tier 1 Pharmaceutical Companies
  • Tier 2 Pharmaceutical Companies
  • Tier 3 Pharmaceutical Companies

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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 Key market players involved in the Drug Discovery Services Market:

  • Thermo Fisher Scientific
  • Merck
  • GE Healthcare
  • Albany Molecular Research, Inc (AMRI)
  • Charles River Laboratories International
  • Evotec
  • Pharmaceutical Product Development, LLC. (Ppd)
  • Jubilant Biosys
  • Covance
  • Genscript Biotech Corporation
  • Aurigene Discovery Technologies
  • Wuxi Apptec
  • Syngene
  • Eurofins Scientific
  • GVK Biosciences Private Limited
  • Laboratory Corporation of America Holdings
  • Lonza Group AG
  • Piramal Enterprises Ltd
  • Viva Biotech
  • Dalton Pharma Services
  • Domainex
  • Selvita S.A.
  • SRI International
  • BioDuro

FutureWise Key Takeaways:

FutureWise offers data on the Drug Discovery Services market’s growth prospects in addition to SWOT analysis, notable market trends, and key informational tidbits influencing market growth during the forecast period.

Regional Analysis

The Drug Discovery Services Market’s regional overview is divided into North America, Europe, Latin America, Asia-Pacific, the Middle East and Africa, and the Rest of the World.

This analysis includes data on the predicted rate of growth for this market in each region throughout the projection period.

Competitive Landscape:

  • Tier one players – major players with a substantial market share.
  • Tier two players
  • Rapidly growing players
  • New Entrants

The Competitive Landscape of the Drug Discovery Services study will give a thorough analysis of the industry, as well as the production graph, practical models, and revenue generated by each significant competitors mentioned.

Additionally, it offers information on the value trends and gross margins of each manufacturer, as well as the market shares held by significant businesses during the projection period.

 Objectives of the Study:

  • To provide a report that contains a detailed analysis of the Drug Discovery Services Market by process, by type, by drug type, by therapeutic area, by company type and by region.
  • To give detailed statistics and data points on market-moving factors (drivers, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets as well as the entire scope of the market.
  • To forecast market trends, size, and overview in key regions including North America, Europe, Asia Pacific, the Middle East, and Africa, as well as the rest of the world.
  • To stay on top of the competitive environment, including new product launches, mergers and acquisitions, and technological developments, and to assess them.

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Some of the significant issues covered in this Drug Discovery Services market study include the following:

  1. What factors have the major influence on the market growth?
  2. What is the market’s expected growth rate during the projected period?
  3. What will the market size be in 2023?
  4. How big is the market going to be in 2031?
  5. Which region has the largest proportion of the market?

Flexible Delivery Model:

  • We provide a flexible distribution strategy where you may suggest changes to the information’s scope or table in accordance with your demands.
  • Upon the acquisition of license type report, you will receive free customization services.
  • You may send your customization requirements directly to:[email protected]

 FutureWise Research

Contact Person: Vinay T.

Email: [email protected]

Contact Number: UK: +44 1416289353 | US: +1 3477094931

Website: www.futurewiseresearch.com